African Min. Share Discussion Threads

[seanywauny] 30/10/2014 19:03

I'll take a fiver a pop, just have to wait for the cycle.

[kirk 6] 30/10/2014 18:59

Major infrastructure. The government don't want all the jobs to go . Frank timis owns a large amount of shares.Ebola stabilising Iron ore price stabilisingEveryone looking a lot better once sentiment returns £2~£5 a share

[shimmysham12] 30/10/2014 18:46

The longer we have no news on finance the more chance we will go lond way. If u trust the management and all concerned here ur mad. Money running out and no sign of any update.

Black or red. Not an investment just a gamble

[newswseller] 30/10/2014 18:34

Excellent analysis there shimmy, I guess the other sells were accidents

[kirk 6] 30/10/2014 18:33

Nothing like London frank timis had no shares

[shimmysham12] 30/10/2014 18:02

Big 50k sell at the end. Bad news on the way. Halloween massacre, will Ami survive the slaughter?

Someone wanted out.......

[mrshaungcm] 30/10/2014 17:29

a bit like LOND kirky boy

[kirk 6] 30/10/2014 17:09

In addition you have to remember frank t. Owns 43 million shares and has stakes of cash in the bank I certainly don't think we will go bust

[kirk 6] 30/10/2014 15:04

Iron ore price over $80 Read the last RNs as well

[cantrememberthis2] 30/10/2014 13:28

Its all about sentiment and risk, IO prices still under $80, gold being hit, commodities will be dragged yet the Lond deal is the key for immediate survival as the additional revenue should buffer the dramatic loss in income from poor IO.

Also based on their presentations, AMI are not looking so pretty with the average forecast of $90/t they should have remodelled on much lower figures...

Holding a core and awaiting news, gla

[newswseller] 30/10/2014 12:32

It's all about the forward looking statements now

[newswseller] 30/10/2014 12:32

Well RNS on 30th sept says everything on track, so can't see why the Q3 update (which would cover the period up to end of sept) a month later would say anything different

[earnestwipplethwaiteiii] 30/10/2014 12:05

Unless, contrary to the optimistic facade, they are NOT hitting their targets...

[newswseller] 30/10/2014 11:52

Patience required, all to be revealed next week, surely all the bad news is known now, so hopefully this will be start of the good news

[casual47] 30/10/2014 11:24

It was more than ebola which kicked the share price down to current levels.

I'm happy for share price to linger around 16pence until the news on AMI deal re. Marampa comes out and/or finance restructuring and/or profitable IO production comes out.

[kirk 6] 30/10/2014 11:18

What's going on? Can't understand how we can still be at this price should be back near £1 with Ebola now easing

[seanywauny] 30/10/2014 10:16

Big resurgence in Steel demand expected by the IO majors in anticipation of the inevitable Electric Vehicle revolution?--You'd think Aluminium would be the choice due to its light weight, however it's carbon footprint in production and high cost means Steel is the best low cost choice due to offsetting the expense of lithium battery production. ($6k per tonne for raw Li product)AHSS Steels (thinner, lighter, higher tensility) are a no brainer for EV cars.They say the iron/steel industry moves in cycles, perhaps EV cars are the ignition. Excuse the pun! ;)

[earnestwipplethwaiteiii] 29/10/2014 16:23

Oh Shimmy, you've soiled yourself.

[shimmysham12] 29/10/2014 16:12

The surprise rns will state cash has run out. This company is so corrupt it make timis look honest. Black or red. Double ur money or loose it all. Typical aim share.

[casual47] 29/10/2014 14:45

and also....that is why the share price is at level it is. Because there is uncertainty.

That's why it is a good potential punt and because they won't run out of cash next month or two AMI has some time to get things sorted and a "surprise" RNS may drop in any time now.

[newswseller] 29/10/2014 14:32

aaaaaaa5 - it was meant to be more of an indicator that the operation is currently cash flow positive *Without* any of the planned cost savings taken into account.

I'm sure all will be revealed in the next few days, although debt restructuring might continue until the end of the month. As IR said previously it was on schedule to have it all sorted by end of Nov.

[aaaaaaaa5] 29/10/2014 14:23

Casual47
I fully understand what you are saying although without the deb't repayments rolled into the figures it could easily mislead people regarding the current cash position of AMI. Most of the cash held at project level $284m has been used up. $82m was drawn in August and $161m in September and October leaving only $41m. Their burn rate could easily be around $15m per month. I hope a financial solution comes very soon.

[earnestwipplethwaiteiii] 29/10/2014 12:31

Boy, dead today or what?

[broncowarrior] 29/10/2014 12:23

Price is up on that improvement in price though. I'm sure we will see some spikes in the IO price over the next few months and they need to make sure production is fully ramped on those days.

[casual47] 29/10/2014 12:17

He was illustrating profit/cost per tonne. They are a key indicator in themselves, irrespective of debt repayments.


It's rather basic accounting....Debt and the scope to refinancing is another subject altogether.

Refinancing, I imagine, will be a lot easier if AMI can show they can make good money even in the current climate.

Especially if they get extra $$$ from what will be the new LOND entity for allowing use of their infrastructure.